https://www.taxtmi.com/caselaws?id=164466 Iron and steel rods manufactured from ingots purchased from exempt units under section 4A of the U.P. Trade Tax Act were held liable to trade tax at the full notified rate on the finished goods. The court noted that iron and steel were taxable at the stage of manufacture or import, and that the office memorandum dated 21 May 1994 contemplated four per cent tax on sariya, with reduction only where tax had already been paid on the raw material. Because the assessee had paid no tax on the ingots, no reduction was available and the levy on the finished product was upheld. en-us Wed, 07 Oct 2009 00:00:00 +0530 Thu, 30 Oct 2014 19:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=164466 Iron and steel rods manufactured from ingots purchased from exempt units under section 4A of the U.P. Trade Tax Act were held liable to trade tax at the full notified rate on the finished goods. The court noted that iron and steel were taxable at the stage of manufacture or import, and that the office memorandum dated 21 May 1994 contemplated four per cent tax on sariya, with reduction only where tax had already been paid on the raw material. Because the assessee had paid no tax on the ingots, no reduction was available and the levy on the finished product was upheld. Case-Laws VAT and Sales Tax Wed, 07 Oct 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=164466